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but we can't move beyond the debt ceiling issue. i knew that would be a stopper, a game stopper. so we have to address that. now, the conditions exist that there can be a grand compromise that will move the economy forward or we can just go into free fall. for example, the last negotiation on the debt ceiling, well, the president, i thought, gave more than he should have given, but nonetheless, he did that. now the onus is on the rps to come to the table. because, see, what has happened is, tax cuts are essentially -- tax increases are off the table. and we got revenue from that. not enough that we needed, but that's off the table. and that was a big issue for the republicans. >> danny, let's move on. let's talk about the possibility of a government shutdown. the president seemed to indicate that it was, first of all, the republicans' responsibility. that they were going to take the onus, the responsibility for this, and that it was potentially something that he was willing to allow happen, because he felt that most people will blame the republicans. if the government shuts down,
but we can't move beyond the debt ceiling issue. i knew that would be a stopper, a game stopper. so we have to address that. now, the conditions exist that there can be a grand compromise that will move the economy forward or we can just go into free fall. for example, the last negotiation on the debt ceiling, well, the president, i thought, gave more than he should have given, but nonetheless, he did that. now the onus is on the rps to come to the table. because, see, what has happened is, tax...
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he even challenged on the issue of the debt ceiling when he was in the senate. he said that he wouldn't raise the debt ceiling, and now he is saying that the obligation exists for that to take place right now. he also laid out what i think is going to define some of the next several weeks, which is the issue of gun control. we are expecting that the vice president would be providing his recommendations following his gun violence task force about a month to the day now after the newtown shootings. those recommendations were expected tomorrow. the vice president is sitting down, alex, with the president for what will be a late lunch after about a 51 minute news conference wrapping up to share those proposals and the president made clear that later this week he will then have a more full presentation on what he plans to pursue going forward. i think he had a pretty candid admission in that news conference as well as it relates to this issue of guns. one of the very hotly contested topics on that is whether or not to reinstate the assault weapons ban. the president
he even challenged on the issue of the debt ceiling when he was in the senate. he said that he wouldn't raise the debt ceiling, and now he is saying that the obligation exists for that to take place right now. he also laid out what i think is going to define some of the next several weeks, which is the issue of gun control. we are expecting that the vice president would be providing his recommendations following his gun violence task force about a month to the day now after the newtown...
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, the debt ceiling, maybe the war in afghanistan could have gotten a word today, or a question are we really getting out. in the d.c. media they're concerned about who is at what cocktail party and what everybody is wearing and how come you're not talking to more people. meanwhile, the president said he puts out invitations to the white house all the time. >> we invite folks from congress over here all the time. sometimes they don't choose to come, and that has to do with the fact that i think they don't consider the optics useful for them politically. >> ah-ha. you can't get your picture taken with the president. that's not good. boehner has turned down invitations to five state dinners a row. mitch mcconnell and three other republican senators turned down an invitation just to watch the movie "lincoln" over at the white house. it might have embarrassed them a little bit. these snubs are nothing new from republicans. it's dangerous politically for republicans to be seen at the white house. and there is always a tea party candidate close by, waiting to primary anybody who works with t
, the debt ceiling, maybe the war in afghanistan could have gotten a word today, or a question are we really getting out. in the d.c. media they're concerned about who is at what cocktail party and what everybody is wearing and how come you're not talking to more people. meanwhile, the president said he puts out invitations to the white house all the time. >> we invite folks from congress over here all the time. sometimes they don't choose to come, and that has to do with the fact that i...
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ceiling issue. i know you said you are not to go shooting on it. your administration has rolled out any ideas. sometimes it is what it takes. you brought up that animation proclamation. are you considering a plan b? and if not -- >> well, chuck, the issue here is whether or not america pays its bills. there is a very simple solution to this. if the house and senate want to give me the authority so that they do not have to take these tough votes, i would be happy to take it. mitch mcconnell, the republican leader in the senate had a proposal like that last year. i am happy to accept it. if they want to keep this responsibility, then they need to go ahead and get it done. there are no magic tricks here. there are no loopholes. there are no easy outs. this is a matter of congress authorizes spending. they ordered me to spend. they tell me you need to fund our defense department at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for o
ceiling issue. i know you said you are not to go shooting on it. your administration has rolled out any ideas. sometimes it is what it takes. you brought up that animation proclamation. are you considering a plan b? and if not -- >> well, chuck, the issue here is whether or not america pays its bills. there is a very simple solution to this. if the house and senate want to give me the authority so that they do not have to take these tough votes, i would be happy to take it. mitch...
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entitlement problem that we have got with to force him on this debt ceiling issue. i know it seems like we have seen this movie before, but i think this is going to make a fiscal cliff fight look small because republicans are angry about what happened last time, they're angry at their speaker. they believe he capitulated an the spending cut side, they're not willing to do that again, and many republicans are willing to take this right to default and the president is going to say that's irresponsible. >> our senior congressional correspondent dana bash is here. the republicans say the nice's debt is exploding the deficit spending is exploding and they have got to do something about it right now. >> and just as gloria was saying there are certainly a number of rank and file republicans who are willing to make good on the threat that if the president, if the white house and democrats here do not agree to couple every dollar that we increase the debt limit with a dollar of spending cuts that they're willing to default on the u.s.'s loan and taking it to the next level,
entitlement problem that we have got with to force him on this debt ceiling issue. i know it seems like we have seen this movie before, but i think this is going to make a fiscal cliff fight look small because republicans are angry about what happened last time, they're angry at their speaker. they believe he capitulated an the spending cut side, they're not willing to do that again, and many republicans are willing to take this right to default and the president is going to say that's...
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the debt ceiling increase was seen as a procedure and a very partisan vote then but not something you were reporting on for weeks and months like we have in 2011 then and now on the debt ceiling debate and, of course, what happened in 2011 was a loss to the nation's credit rating. there's big differences between 2006 and now. >> and also, to factor in with the differences you pointed out is how much the president has offered in negotiations. as far as cutting spending, not as if it's been a zero sum game from the white house regarding the nation's spending problem and an acknowledgment of that. >> one of the messages president obama is trying to get across today how much is cut in spending, whether it was in that 2011 debt ceiling agreement in the budget control act, whether it was also the revenue that was increased with the end of the fiscal cliff talks that we had right at the beginning of the new year, tamron. so, president obama said, look, we have really cut a lot of spending. there's more that he would like to be able to do but that it would be ludicrous to suggest there's no s
the debt ceiling increase was seen as a procedure and a very partisan vote then but not something you were reporting on for weeks and months like we have in 2011 then and now on the debt ceiling debate and, of course, what happened in 2011 was a loss to the nation's credit rating. there's big differences between 2006 and now. >> and also, to factor in with the differences you pointed out is how much the president has offered in negotiations. as far as cutting spending, not as if it's been...
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other hot issues, the debt ceiling and immigration we may be hearing about. we want to know what you would ask the president if you're able to ask him a question. you can tweet us at happening now those questions. jon: sounds good. heather touched on it. vice president joe biden presents his plan to curb gun violence to president obama tomorrow. one city is apparently not waiting around for washington act. chicago quickly becoming ground zero in the debate on gun control. that city saw more than 500 murders last year, prompting mayor rahm emanuel to take action with a gun control plan of his own. steve brown is live in chicago right now, but i guess mayor emanuel is not. he is in d.c. today suggesting democratic strategy to try to get gun control accomplished, is that right, steve? >> reporter: in a sense yes, it was part of the discussion at a public revent held in washington that mayor emanuel took part in. local press was made aware of it well in advance. it touches on the city's most dramatic problem which is gun violence in this city. you mentioned over
other hot issues, the debt ceiling and immigration we may be hearing about. we want to know what you would ask the president if you're able to ask him a question. you can tweet us at happening now those questions. jon: sounds good. heather touched on it. vice president joe biden presents his plan to curb gun violence to president obama tomorrow. one city is apparently not waiting around for washington act. chicago quickly becoming ground zero in the debate on gun control. that city saw more...
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and i think he might, might have had significantly more leverage to deal with the debt ceiling issue then trying that. he didn't test it. just skeptical about how much he'll test it now in the face of a debt ceiling. i hope i'm wrong. i'm skeptical. >> the other big story this afternoon, vice president biden makes the formal recommendations to the president on gun control. what will it take to get meaningful action if that's possible? military man and gun control advocate joe sustek brings his perspective. [ male announcer ] house rule number 46. what's good for the pot... is even better for the cup. new single serve cafe collections from maxwell house. now available for use in the keurig k-cup brewer. always good to the last drop. is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. with efficient absorption in one daily dose. i've got two tickets to paradise!l set? pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singin
and i think he might, might have had significantly more leverage to deal with the debt ceiling issue then trying that. he didn't test it. just skeptical about how much he'll test it now in the face of a debt ceiling. i hope i'm wrong. i'm skeptical. >> the other big story this afternoon, vice president biden makes the formal recommendations to the president on gun control. what will it take to get meaningful action if that's possible? military man and gun control advocate joe sustek...
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ceiling issue. i know you have said you're not negotiating that. your administration has ruled out the various ideas that have been out there, the 14th amendment that just this morning house -- one of the house democratic leaders asked you to use the 14th amendment, and even said sometimes that's what it takes. he brought up the emancipation probleming clamation. he compared the debt ceiling to that. are you considering a plan b? if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. so there's a very simple solution to this. congress authorizes us to pay our bills. if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell had a proposal like that last year, and i'm happy to accept it, but if they want to keep this responsibility, then they need to go ahead and get it done. the
ceiling issue. i know you have said you're not negotiating that. your administration has ruled out the various ideas that have been out there, the 14th amendment that just this morning house -- one of the house democratic leaders asked you to use the 14th amendment, and even said sometimes that's what it takes. he brought up the emancipation probleming clamation. he compared the debt ceiling to that. are you considering a plan b? if not, why not? >> well, chuck, the issue here is whether...
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ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there -- the 14th amendment. but just this morning, one of the house democratic leaders, jim clyburn, asked you to use the 14th amendment and even said, sometimes that's what it takes. he brought up the emancipation proclamation as saying it took executive action when congress wouldn't act, and he compared the debt ceiling to that. so are you considering a plan b, and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so there's a very simple solution to this: congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, an
ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there -- the 14th amendment. but just this morning, one of the house democratic leaders, jim clyburn, asked you to use the 14th amendment and even said, sometimes that's what it takes. he brought up the emancipation proclamation as saying it took executive action when congress wouldn't act, and he compared the debt ceiling to that. so are you considering a plan...
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the previous debt ceiling standoff, one of the issues was when would the next debt ceiling be reached, annoy, remember the republicans -- and even harry reid suggested that they do this every six months, get a temporary extension and come back in six months. at one point the republicans were proposing three extensions, three votes before the next election. and the president, meeting with his own aides about this said that's it. i'm done. i'm not doing this. this is not how the constitution was meant -- was designed. our founding fathers did not envision a day when members of congress could hold the president hostage by not paying the bills they themselves had racked up. and as often happens in these situations, the cooler heads on his staff said, well, mr. president, we understand how you feel, but we may have to cut the -- no, i'm not going to do it. he was very firm because he believed it was not just affecting him but about preserving the status of the presidency for future presidents. and in the end one of the things he was most proud of in that deal was not giving in to that. but
the previous debt ceiling standoff, one of the issues was when would the next debt ceiling be reached, annoy, remember the republicans -- and even harry reid suggested that they do this every six months, get a temporary extension and come back in six months. at one point the republicans were proposing three extensions, three votes before the next election. and the president, meeting with his own aides about this said that's it. i'm done. i'm not doing this. this is not how the constitution was...
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stay away from the debt ceiling issue. stay away with government shutdowns. they're political poison and p.r. disaster. instead, on the spending sequester, $1.2 trillion stay with the spending sequester. i believe john boehner should stick with his one to $1 debt increase with a dollar spending cut. and then go to the new budget. paul ryan, where are you? we need more spending cuts, more entitlement reform and even some tax reform especially business tax cuts to spur economic growth. my two cents. here is an old friend, david walker, founder, president and ceo of the come back america initiative. he knows a lot about this. david, let me ask you this. is boehner wrong to insist that a dollar debt increase should be accompanied by a spending decrease? >> the fact is we need to pay our bills. and i do however think that we have a spending problem. the federal government has gone from being 2% of the economy, 100 years ago. to 24% today. headed to 37% by 2040 absent a change in course. the republicans ought to leverage the sequester and the c.r. not to shut down
stay away from the debt ceiling issue. stay away with government shutdowns. they're political poison and p.r. disaster. instead, on the spending sequester, $1.2 trillion stay with the spending sequester. i believe john boehner should stick with his one to $1 debt increase with a dollar spending cut. and then go to the new budget. paul ryan, where are you? we need more spending cuts, more entitlement reform and even some tax reform especially business tax cuts to spur economic growth. my two...
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how do you think lincoln would handle gun control or the debt ceiling or a whole range of other issues that the current president -- >> look, martin, du h, lincoln would agree with me on everything. this is the unmistakable mandate of history. we all know this. >> right. thank you very much. thomas frank, thank you. >>> next, the president may be one step closer to getting his man. but first, sue herera has the cnbc market wrap. good afternoon. >> good to see you, martin. let's check in on how wall street finished today's trading session. it was a volatile trading day and the dow jones managed to gain 27 points. the s&p gained just under 2 points on the trading session. and the nasdaq with a drag from face boonk to the downside finished down 6.75 points. that's it from cnbc. we are first in business worldwide. martin is back after a quick break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaura
how do you think lincoln would handle gun control or the debt ceiling or a whole range of other issues that the current president -- >> look, martin, du h, lincoln would agree with me on everything. this is the unmistakable mandate of history. we all know this. >> right. thank you very much. thomas frank, thank you. >>> next, the president may be one step closer to getting his man. but first, sue herera has the cnbc market wrap. good afternoon. >> good to see you,...
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and then, of course, there is a debt ceiling vote. now you hear a lot of republicans making noises about backing down from the debt ceiling fight. it is interesting by the way, i know we're not here to talk about that. it is interesting how the conventional wisdom has shifted on that. >> jennifer: quickly too. >> so quickly. just another sign of the shifting sands. it all hinges on how public opinion turns. and you know, is the president going to go out on the stump? is he going to go out and barnstorm the country for his proposals? how much political capital is he going to put into it? if he really builds up public support for the proposals and public support grows and if they feel pressure, he'll bring a vote. >> >> jennifer: just to take you back to that -- not the fiscal cliff, the debt ceiling issue that the republicans do seem to be going soft on, i do think one of the reasons why they went so soft is because major traditionally republican lobbying groups were advocating like the chamber of commerce came out strongly saying this
and then, of course, there is a debt ceiling vote. now you hear a lot of republicans making noises about backing down from the debt ceiling fight. it is interesting by the way, i know we're not here to talk about that. it is interesting how the conventional wisdom has shifted on that. >> jennifer: quickly too. >> so quickly. just another sign of the shifting sands. it all hinges on how public opinion turns. and you know, is the president going to go out on the stump? is he going to...
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. >> the president won't back down on the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an assault weapon ban. >> everybody is totally upset by it. >> what makes sense? what works? >> this is a moment to act. >> this is a promise to turn the conversation into actions. >> if there is a step we can take that will save even one child, we should take that step. >> the lecturer in chief returns to the east room of the white house today to explain something to congressional republicans that previous presidents have not had to explain to congress. >> i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills
. >> the president won't back down on the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an assault weapon ban. >> everybody is totally upset by it. >>...
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. >> the debt ceiling debate continues. >> are not aead beat nation. >> we all know the issue here is spending. >> what are the risks of huge defense cuts? >> operations, maintenance, and trading will be gutted. we will ground the aircraft retuturn chips to court, and sharply curtail training across the force. >> a bill before the wyoming state legislature would make a federal legend a person trying to enforce a ban on farm guilty of a funny. there are similar measures under considation in nnessee and tetexas. the governor in mississippi wants to make it illegegal in the state to enforce any new federal n laws. how many tis have we had this debate? ththis time after the murders of the children in newtown, conn. the president tells us is different. signed 23 executive orders aimed at reducing gun violence and has urged congress to reinstate a ban on so-called assault weapons, limit the size of the magazines, and mandate criminal background checks for all and sales. he is also o asking americans to put heat on members of congress to get there. >> ask for a member of congress if they sup
. >> the debt ceiling debate continues. >> are not aead beat nation. >> we all know the issue here is spending. >> what are the risks of huge defense cuts? >> operations, maintenance, and trading will be gutted. we will ground the aircraft retuturn chips to court, and sharply curtail training across the force. >> a bill before the wyoming state legislature would make a federal legend a person trying to enforce a ban on farm guilty of a funny. there are...
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. >> the debt ceiling debate continues. >> we are not a dead beat nation. >> we all know the issue is spending. >> what are the risks of huge spending cuts? >> operations, maintenance, and ading will be gutted. real ground aircraft, return chips to port, and sharply curtail training across the force. >> a bill before the wyoming state legislature would make a federal agent who tried to enforce a ban on firearms guilty of a felony. there are similar measures under consideration in texas and the governor of mississippi says he wants to make it iegal in the state to enforce any new federal gun laws. how many times have we had this debate? this time after the murders of the children in newtown, conn., the president tells us this is different. the president has signed 23 executive orders aimed at reducing gun violence and is urging congress to reinstate a ban on so-called assault weapons, limit the size on magazines, and mandate here are some background checks for all gun sales. he is also asking the public to put heat on members of congress. remembers of congress if they support universal
. >> the debt ceiling debate continues. >> we are not a dead beat nation. >> we all know the issue is spending. >> what are the risks of huge spending cuts? >> operations, maintenance, and ading will be gutted. real ground aircraft, return chips to port, and sharply curtail training across the force. >> a bill before the wyoming state legislature would make a federal agent who tried to enforce a ban on firearms guilty of a felony. there are similar measures...
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you have the debt ceiling issue. all of those are in the mix right now because they are all coming to a head at the same time. we are going to need to deal with all of them. can't we be responsible? can't we work collaboratively on this? if we can -- hearing from the white house that, you know, you go figure it out. it is not my problem. i didn't have anything to do with this. that's not the way to go. >> let me ask you about your job as the head of the republican campaign committee. will you support all incumbent house republicans no matter what under all circumstances? or -- is your job to eliminate primary opposition? >> you know, i love how you -- you know, we try to talk in absolutes here. we are a member of organization that supports republicans and republican members of the house. here's when we do and we go out and recruit. i think, you know the voters want to check and balance in washington. we are going to offer a positive alternative. great candidates. we now -- second biggest majority since world war ii c
you have the debt ceiling issue. all of those are in the mix right now because they are all coming to a head at the same time. we are going to need to deal with all of them. can't we be responsible? can't we work collaboratively on this? if we can -- hearing from the white house that, you know, you go figure it out. it is not my problem. i didn't have anything to do with this. that's not the way to go. >> let me ask you about your job as the head of the republican campaign committee. will...
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there are two issues here, chuck, the fiscal and financial issues, the debt ceiling, the automatic cuts, i won't say the "s" word, automatic cuts set to go into effect here. he's got to confront those issues, and how is that going to impact gun control, immigration, is stuff he wants to pursue but he wants to really go after in 2013? he's not going to have the capital to do that until he gets a solution, some kind of a deal on these big fiscal issues hanging over the congress. that's going to be the real story of the first six months of his second term is what do we do on the fiscal issues, can he get some kind of a grand bargain. are there enough tom coles in the congress. that's very much an open topic. >> who does he negotiate with? you know, it's been -- and, you know, i know that people have given the president all sorts of advice. you should work around the leadership. no, no, no. you need to spend more time with the leadership. wi lbj and dirksen got drunk every night. maybe not every night. >> you never know. >> that's not going to be mitch mcconnell and barack obama. but i'm mu
there are two issues here, chuck, the fiscal and financial issues, the debt ceiling, the automatic cuts, i won't say the "s" word, automatic cuts set to go into effect here. he's got to confront those issues, and how is that going to impact gun control, immigration, is stuff he wants to pursue but he wants to really go after in 2013? he's not going to have the capital to do that until he gets a solution, some kind of a deal on these big fiscal issues hanging over the congress. that's...
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in the meantime, we deterred from the president addressing the debt ceiling, here is more on the issue from this morning's "washington journal." host: did this through the new report, we're joined by the economic policy project senior director, steve bell. director, explain this term that you use. what is the x date? guest: we called the drop dead date. that is the day all these extraordinary measures expires. that means the treasury will not have enough money to pay the next bill that comes then in full and on time. host: you try to figure when that date will hit. this is a chart from the debate, when the x date could hit. why is it a range? guest: we do not know what will happen to tax refunds. there could be some delays in getting tax refunds out. people who file their tax returns and expect to get a refund. if those refunds are delayed, will be near the end of that. host: take us back to explain how we're juggling these numbers around. we hit the debt limit on december 31st. how was treasury paying the bills? guest: they are using money called extraordinary measures. they borrow mo
in the meantime, we deterred from the president addressing the debt ceiling, here is more on the issue from this morning's "washington journal." host: did this through the new report, we're joined by the economic policy project senior director, steve bell. director, explain this term that you use. what is the x date? guest: we called the drop dead date. that is the day all these extraordinary measures expires. that means the treasury will not have enough money to pay the next bill...
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the debt ceiling issue should become a partisan issue. i appeal to the republicans to realize they should not place us in that kind of jeopardy. there will be hearing. we will work on witnesses today. i hope we will be resolving who the witnesses will be. i think there'll be concentration as to who they pick and our choice, one witness out of four. host: might it be secretary geithner? guest: no. host: tony. hi, tony. caller: good morning. guest: where is olive branch? i have been across the bridge there. caller: the talk about congress and everybody is looking at discretionary spending. we're finding the black rhino but we cannot take care of grandma. otherbuilding mosques foreign countries. people have to worry about being on the street and being homeless. we send money to countries to improve their water systems. thinking about the pipes in china. money out of this country. he talked about people spending money and avoiding taxes. host: we will get a response. guest: i do not know the last figure. we do have foreign assistance. it is a
the debt ceiling issue should become a partisan issue. i appeal to the republicans to realize they should not place us in that kind of jeopardy. there will be hearing. we will work on witnesses today. i hope we will be resolving who the witnesses will be. i think there'll be concentration as to who they pick and our choice, one witness out of four. host: might it be secretary geithner? guest: no. host: tony. hi, tony. caller: good morning. guest: where is olive branch? i have been across the...
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Jan 15, 2013
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at hand, unless the nation debt ceiling is raised a lot of programs are starved of spending by default, but that does not mean, i want to be clear, that we default even if the president today all but said otherwise. >> threat of default hurts our economy, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when obligations to spreadtorcreditors or investorst paid
at hand, unless the nation debt ceiling is raised a lot of programs are starved of spending by default, but that does not mean, i want to be clear, that we default even if the president today all but said otherwise. >> threat of default hurts our economy, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and...
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Jan 18, 2013
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the white house held a firm line on saying we're not going to negotiate at all on this debt ceiling, and it worked. do you think this is a lesson that may carry for four years, when they see themselves posturing this way rather than what they have done on other issues? do you think this might be contagious within the white house? >> remember bill clinton and what the definition of is, is. with barack obama it's sort of what the definition of negotiation is. they will deal with the debt ceiling, and that's when you will have very active negotiations over the budget. what the house has effectively done is put this on a similar path, a similar timetable as these other negotiations and the president may be able to say look, the debt ceiling is going to have to be raised regardless but house members can say well that's fine, but this is what we're demanding in terms of cuts. so maybe they are not linked except for the calendar, but at least in the minds of the republicans they certainly are linked. >> michael: yeah, i couldn't agree with that more. and that's a really great take on it. on
the white house held a firm line on saying we're not going to negotiate at all on this debt ceiling, and it worked. do you think this is a lesson that may carry for four years, when they see themselves posturing this way rather than what they have done on other issues? do you think this might be contagious within the white house? >> remember bill clinton and what the definition of is, is. with barack obama it's sort of what the definition of negotiation is. they will deal with the debt...
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Jan 21, 2013
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piecemeal is exactly the right word to describe the congress you are going to see on debt ceiling. the republicans in the house are talking about a short-term view of that. it certainly would avoid disaster coming up for the end of march. you will still have the issue of raising it for the long term. on the republican side there is no real appetite to do that without the reforms. same for gun-control. a lot of the agenda items that the president announced last week, the 23 executive actions you will see taken piece by piece. the easiest one to accomplish will be those that come forward the fastest, and the same for immigration reform. there is a lot that could be done and a comprehensive approach, but i think you will see that come down to the very bare minimum that both sides are able to agree on. >> let me follow up with a vote that will happen on wednesday. that will give another three months and the extension of the debt limit. weird is that position? why delay that for three months? where does that put them in march and april? >> this is an acknowledgement that they have lost
piecemeal is exactly the right word to describe the congress you are going to see on debt ceiling. the republicans in the house are talking about a short-term view of that. it certainly would avoid disaster coming up for the end of march. you will still have the issue of raising it for the long term. on the republican side there is no real appetite to do that without the reforms. same for gun-control. a lot of the agenda items that the president announced last week, the 23 executive actions you...
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Jan 13, 2013
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, sequestration. -- fiscal fights, debt ceiling, sequestration. obama wants to do energy reform. that is a thorny issue on capitol hill. the partisan fights we have seen have defined congress for the past few years. this it is not a congress that walks and shoes gone well at the same time. -- and chews gum well at the same time. >> the average person juggles lots of different things every day. making sure the kids are paying their homework. -- doing their homework. paying the bills. they have no choice but to walk, chew gum, and juggle lots of things at the same time. congress is no different. members of congress are family people as well. if they can handle it family, they should be able to do the work in congress. it is time to fix a broken immigration system. the president is ready. we should not face obstacles that are man-made. manufacturing these crises, fiscal crises every few months does not just create this political backlog. it is not just create animosity among the public. it also creates the inability for the economy to really take off
, sequestration. -- fiscal fights, debt ceiling, sequestration. obama wants to do energy reform. that is a thorny issue on capitol hill. the partisan fights we have seen have defined congress for the past few years. this it is not a congress that walks and shoes gone well at the same time. -- and chews gum well at the same time. >> the average person juggles lots of different things every day. making sure the kids are paying their homework. -- doing their homework. paying the bills. they...
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Jan 14, 2013
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debt ceiling is not a question of authorizing more spending. the issue here is whether or not america pays its bills. raising the debt ceiling does not authorize us to spend more. because this is about paying your bills. >> i do hope speaker boehner was listening. joining us in the studio is jonathan capehart from "the washington post" and in los angeles democratic strategist and nyu professor bob shrum. welcome to you both. professor shrum, we reached the debt ceiling two weeks ago today. the treasury department is giving us a few weeks of maneuvering room before we begin to default. and yet you have people like the heritage foundation saying today, default is not at issue. how many conservatives truly believe their tactics pose no risk whatsoever to the economy, particularly given what happened the last time they took the debt ceiling hostage? >> look, what heritage put out today is drivel. a transparent attempt -- >> drivel, this is the considered view of an important organization. >> yeah, whose president is jim demint. i don't take it all
debt ceiling is not a question of authorizing more spending. the issue here is whether or not america pays its bills. raising the debt ceiling does not authorize us to spend more. because this is about paying your bills. >> i do hope speaker boehner was listening. joining us in the studio is jonathan capehart from "the washington post" and in los angeles democratic strategist and nyu professor bob shrum. welcome to you both. professor shrum, we reached the debt ceiling two weeks...
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of the debt ceiling. lou, an interesting couple of months. looking forward to it. >> megyn: all right. thank you, sir. >> thanks, megyn. >> megyn: with the president refuse to go negotiate on that debt ceiling, it's coming and we're going to hit it and there's going to be a real question what we will do. he negotiated the last time and suddenly says he doesn't want to negotiate anymore and the republicans have drawn a line in the sand when it comes to these spending cuts, saying, if we don't see a dollar for dollar spending cut in the amount you want to raise the debt ceiling, there's no deal. what kind of progress can we hope for here? our political panel debates that coming up in our next hour. now to another big debate playing out in washington over the obama administration's efforts to overhaul the nation's gun laws. we heard some of that this morning. here is the president addressing this issue during a white house news conference, we mentioned, moments ago. >> what you can count on is that the thing
of the debt ceiling. lou, an interesting couple of months. looking forward to it. >> megyn: all right. thank you, sir. >> thanks, megyn. >> megyn: with the president refuse to go negotiate on that debt ceiling, it's coming and we're going to hit it and there's going to be a real question what we will do. he negotiated the last time and suddenly says he doesn't want to negotiate anymore and the republicans have drawn a line in the sand when it comes to these spending cuts,...
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we know about the confirmation hearing issues and then the fiscal, the debt ceiling which is fast approaching as well. >> definitely that dance card is getting filled up pretty quickly so early in the year and he hasn't even been inaugurated. also in that article, senator marco rubio preparing his own version of the d.r.e.a.m. act. he discussed how republicans could face some pushback from latinos because of their stance on immigration reform. he said this, quote. we are going to have a struggle speaking to a whole segment of the population about our principles of limited government and free enterprise if they think we don't want them here, alluding to those who might benefit from the d.r.e.a.m. act. so republicans have their own pr campaign to conduct with latinos on immigration reform, but how is the president going to combat republicans who want to see a more piece meal approach as we move forward here? >> reporter: i think we've seen the way the president has handled other recent challenges from his republican opposition when you consider just the fiscal cliff hanger as it were with campa
we know about the confirmation hearing issues and then the fiscal, the debt ceiling which is fast approaching as well. >> definitely that dance card is getting filled up pretty quickly so early in the year and he hasn't even been inaugurated. also in that article, senator marco rubio preparing his own version of the d.r.e.a.m. act. he discussed how republicans could face some pushback from latinos because of their stance on immigration reform. he said this, quote. we are going to have a...
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Jan 15, 2013
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ceiling issue so my recommendation with investors is that at this point in time, it's premature to react to those comments, even though they may be troubling to all of us. let's see how it unfolds before you begin making any investment moves based on a potential tax hike. cheryl: well, yeah. talking about more tax revenue coming in, i'm sorry, but ears perk up. let's talk about the specific company that you like on your radar, and there's a couple reasons. first and foremost, they doubled the dividend on monday. the company doing well financially, at the same time, dividend payers like a ford, joe, could, again, fall out of investor payer. do you stick by ford if the tax fight continues? >> yes, because beyond the dividend, it's an attractive stock. auto industry as a whole, we think, has still tremendous upside potential since it bottomed out in 2009, it continues to improve. ford, specifically, streamlined down to lincoln and ford models. they have a ways to go yet, but they are really looking to compete head on in the united states with toyota, with the fuel efficient products like fu
ceiling issue so my recommendation with investors is that at this point in time, it's premature to react to those comments, even though they may be troubling to all of us. let's see how it unfolds before you begin making any investment moves based on a potential tax hike. cheryl: well, yeah. talking about more tax revenue coming in, i'm sorry, but ears perk up. let's talk about the specific company that you like on your radar, and there's a couple reasons. first and foremost, they doubled the...
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the debt ceiling. and these automatic spending cuts that take hold at the beginning of march. they want to use these opportunities. they don't think it's so bad to shut down the government or to default on the debt. they are even skeptical of the administration's estimates of when that will happen. so they see themselves really having very little leverage besides doing something which a lot of americans would consider extreme which is defaulting on the debt or shutting down the government. now i think it's virtually impossible that speaker john boehner will raise the debt ceiling without commensurate spending cuts. he's way too far out on a limb on that prospect. so it's going to be one of these huge battles its going to be something where one side has to blink first or the issues have to kind of meld together in a way that speaker boehner or president obama has a fig leaf in order to get this done. >> woodruff: jake, what about the president's argument today? he said this several times. he said this is not about we're doing the debt ceiling in order to authorize more spending
the debt ceiling. and these automatic spending cuts that take hold at the beginning of march. they want to use these opportunities. they don't think it's so bad to shut down the government or to default on the debt. they are even skeptical of the administration's estimates of when that will happen. so they see themselves really having very little leverage besides doing something which a lot of americans would consider extreme which is defaulting on the debt or shutting down the government. now...
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Jan 14, 2013
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ceiling issue. i know you've said you're not negotiating and your administration has ruled out the various ideas that were out there, the 14th amendment, but just this morning one of the house members asked you to use the 14th amendment and said sometimes that's what it takes. he brought up the proclamation and he compared the debt ceiling to that. so are you considering a plan b? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so there is a very simple solution to this. congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and i'm happy to accept it. but if they want to keep this responsibility, then they need to go ahead and get it done. a
ceiling issue. i know you've said you're not negotiating and your administration has ruled out the various ideas that were out there, the 14th amendment, but just this morning one of the house members asked you to use the 14th amendment and said sometimes that's what it takes. he brought up the proclamation and he compared the debt ceiling to that. so are you considering a plan b? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a...
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ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there, the 14th amendment, but just this morning, one of the house democratic leaders, jim clyburn asked you to use the 14th amendment, and even said sometimes that's what it takes. he brought up the emancipation proclamation saying it took executive action when congress wouldn't act and he compared the debt ceiling to that. so are you considering a plan "b"? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so, there's a very simple solution to this -- congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'll happily take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and
ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there, the 14th amendment, but just this morning, one of the house democratic leaders, jim clyburn asked you to use the 14th amendment, and even said sometimes that's what it takes. he brought up the emancipation proclamation saying it took executive action when congress wouldn't act and he compared the debt ceiling to that. so are you considering a plan...
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ceiling issue. your administration has ruled out the various ideas that have been out this. this morning, one of the house democratic leaders asked you to use the 14th amendment. he compared the debt ceiling to that. are you considering a plan "b." and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and, so, there's a very simple solution to this. congress authorizes us. to pay our bills. now, if the house and the senate want to give me the authority so they they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate had a proposal like that last year and i'm happy to accept it. but, if they want to keep this responsibility, then they need to go ahead and get it done. and, you know, there are no magic tricks here, there are no loopholes. there are no -- you know, easy outs. this is a matter of congres
ceiling issue. your administration has ruled out the various ideas that have been out this. this morning, one of the house democratic leaders asked you to use the 14th amendment. he compared the debt ceiling to that. are you considering a plan "b." and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and, so, there's a very simple solution to this. congress authorizes us. to pay our bills. now, if the house...
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ceiling. the house of representatives is back in session today, too, and republicans are just as adamant, insisting they won't raise the debt limit, unless the president goes along with spending cuts. let's go live to cnn white house correspondent brianna keilar. >> reporter: president obama stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow that bruising battle the year before last, where he did negotiate on the issue, and the u.s. nearly went to the brink of default. he said that congress has to pay the bills that it's already racked up. >> you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. and if you do, you're breaking the law. and congress should think about it the same way that the american people do. you don't -- now, if congress want, to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go t
ceiling. the house of representatives is back in session today, too, and republicans are just as adamant, insisting they won't raise the debt limit, unless the president goes along with spending cuts. let's go live to cnn white house correspondent brianna keilar. >> reporter: president obama stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow that bruising battle the year before...
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he brought up the emancipation proclamation, and he compared the debt ceiling to that. are you considering this? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a dead beat nation. so there is a very simple solution to all of this. congress authorizes us to pay our bills. now, if the house and senate want to give me authority so they do not have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i am happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and i am happy to accept that, but they want to keep the responsibility, they need to go ahead and get it done. there are no magic tricks. there are no loopholes. there are no easy out. this is a matter of congress authorizes spending. they tell me you need to fund the defense department as such and such level. you need to send out social security checks. you need to make sure you are paying to care for the veterans. they lay all of this out for me. because they ha
he brought up the emancipation proclamation, and he compared the debt ceiling to that. are you considering this? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a dead beat nation. so there is a very simple solution to all of this. congress authorizes us to pay our bills. now, if the house and senate want to give me authority so they do not have to take these tough votes, if they want to put the responsibility on me to raise the...